Retail inflation eases; food prices still bite Context The increase in food prices remained high at almost 10%, and rural consumers continued to experience inflation of more than 7%, even though India’s retail inflation fell marginally to 6.83% in August from the 15-month high of […]
India, Saudi Arabia join EU and U.S. for an economic corridor project Context India and Saudi Arabia launched the Partnership for Global Infrastructure and Investment (PGII) and the India-Middle East-Europe Economic Corridor alongside the European Union and the United States. The G-20 summit’s participation by […]
On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms Context Some of the 10 major outcomes achieved under the Finance Track of India’s G-20 presidency included paving the way for a coordinated global approach to regulating cryptocurrencies, enhancing the lending capacity […]
India drops tariffs on U.S. lentils, almonds ahead of Biden’s visit Context Two days before US Vice President Joe Biden visits in New Delhi for a bilateral meeting and the G-20 Summit, India has lifted the retaliatory tariffs it had put on imports of some […]
Economy grows 7.8%, fastest in 4 quarters Context GVA from trade, lodging, transportation, communications, and broadcasting services increased 9.2% in Q1, while GVA from finance, real estate, and professional services increased 12.2%. The employment-intensive construction sector, public administration, defence, and other services all had increases […]
Inflation pressures may linger, but food prices to ease soon: Ministry Context The Ministry noted that the 11.5% food inflation rate was “perhaps the third highest” since the current Consumer Price Index (CPI) series started in 2014 and that the impact of the worldwide disruptions […]
Textile exports continue to decline Context When compared to the same month last year, textile and clothing exports fell 1.9% and 17.4%, respectively, in July. The total export of textiles and apparel from April to July 2023 decreased by 13.7% compared to the same period […]
June industrial growth slows to 3.7% Context In June, industrial production growth dropped to a three-month low of 3.7% from May’s revised 5.3%, with manufacturing growth slowing to 3.1% from 5.8% in May and consumer durables output slipping back into contraction. What is the Index […]
To curb price rise, Centre to release more foodgrain stock by open market sale Context Concerned with the rise in foodgrain prices, the Centre decided on Wednesday to sell an additional 50 lakh tonnes of wheat and 25 lt of rice through the Food Corporation […]
Centre Owes ₹6,366 Cr. in MGNREGA Wages to 18 States, Union Territories Context The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) salary component has a total debt to States of 6,366 crore, according to information provided to Parliament on Tuesday by the Union Rural […]